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I don’t have a good way to reconcile the current hot job market with seemingly increasing reports of mass layoffs, but one wonders if the graph will change dire
by tibbar 4y ago
I don’t have a good way to reconcile the current hot job market with seemingly increasing reports of mass layoffs, but one wonders if the graph will change directions decisively at some point soon.
- Rebelgecko 4y agoI think the mortgage industry is a bit different in that their workload is so closely correlated with interest rates. People were refinancing like crazy 1-2 years ago, but it's slowed down as rates have gone up.
- paxys 4y agoEngineering roles aren't seeing the worst of it (yet).
- onion2k 4y agoI don’t have a good way to reconcile the current hot job market... The world is bigger than tech.
- jbay808 4y agoIt's not only tech! The labour market is very tight across North America in general.
- xbmcuser 4y agoLabour market is tight because after covid people are not willing to work at many jobs at the peanuts they were paid for before nor are they willing to change the work life balance they would need to sacrifice for these jobs.
- hamter 4y agothere's that plus i think a bunch of boomers (like my parents) took it as a sign to retire.
- Clubber 4y agoAnd also nearly a million people died in the US. Even though most of those were elderly and probably not working, it's not insignificant. https://www.worldometers.info/coronavirus/country/us/ https://www.worldometers.info/coronavirus/country/us/
- bombcar 4y ago3 million babies were born each year, but they're not contributing to the labor market.
- grapeskin 4y agoThere are jobs desperate for workers and paying more, and there are workers desperate for jobs applying en masse. They’re often overlapping now. Companies dealing with the consequences of increasing turnover are willing to pay more to avoid that problem and people are willing to quit in hopes of getting something better.
- strikelaserclaw 4y agoYea, we are already seeing glimpses of it. The last two years have been an exuberant time for cheap money, i think we will soon see an employer market, which might mean bad things for WFH.